H&R Block Leases Retail Space At 380 Lexington Avenue, Murray Hill
380 Lexington Avenue, New York City, New York 10168, United States
Building Size
774 SF
Asset Type
Retail
Closing
Jan 24, 2022
AI
A retail property located at 380 Lexington Avenue in Murray Hill has been leased. The property, with an address at 380 Lexington Avenue, is situated in the Murray Hill market. The asset is classified as retail.
Summary of transaction details
- Property Type: Retail
- Address: 380 Lexington Avenue
- Market: Murray Hill
H&R Block has become the tenant for the leased space at 380 Lexington Avenue. The leasing deal was facilitated by Vince Sweeney and Ryan Fridolfs from Meridian Retail Leasing, as well as Michael Azarian and James Ariola from Cushman & Wakefield.
The asking rent for the property was $697 per square foot, with a total area of 774 square feet.
Players
New York Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93